# Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of...

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Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $2.10 last year to its shareholders and plans to increase the dividend annually at 3.0%. It has 470,000 shares outstanding. The shares currently sell for$23.42 per share. Hollydale's has 17,000 semiannual bonds outstanding with a coupon rate of 6%, a maturity of 19 years, and a par value of $1,000. The bonds are currently selling for$694.75 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 35%? What is the adjusted WACC for Hollydale's if the corporate tax rate is 35%? % (Round to two decimal places.)

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